Audit of taxi bill
This query is : Resolved
24 February 2017
How to verify a taxi bill..bill amounted 4000rupees and no service taxation is indicated in invoice..what are mandatory compliance on taxi bill?
24 February 2017
In case of taxi bill, if the service recipient is pvt ltd. company, it needs to pay service tax under reverse charge mechanism. In case, the service recipient is other than company, the service tax will be charged by the service provider subject to service tax laws and exemption limit provided under ST Laws. You need to check whether company has paid service tax under reverse charge or not. You have also to check whether proper authorisation is there on the bill and the genuinity of the bill also to be checked. you also cross check whether the person who has availed taxi service has actually traveled that city or town or not.
Message likes :
1 times
24 February 2017
Thank you sir..for audit point of view..Sir I m employee of public Ltd company..how to check genuinety of taxi bill..if bill amounted 4000 and no St is charged...is it okay?
24 February 2017
Yes.. the bill might not have service tax charged on it. It is okay
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- Taxable or Tax exempt
- ADVANCE PAYMENT OF ADVOCATE
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- NRI starting business in India
- TDS Deducted AY-2013-14 Not Reflected in 26as
- CREDIT NOTES WITHOUT GST
- Filling ITR - U
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
